SingularDTV (SNGLS) is a blockchain film and television studio & distribution portal. It is a blockchain and Ethereum-based production and distribution platform: creating high-quality, original film and television content, initially focused on documentaries and the science fiction genre.
ICO start date: 2016-10-29
SingularDTV is a content production platform and distribution system based on Ethereum’s architecture. The aim is not just the creation of high-quality television, motion picture, and creative content, but the restructuring of an antiquated creative industry into a smarter business process which is both fair and transparent. All can be made possible with the use of smart contract systems, blockchain technology, and adoption. SingularDTV’s (S-DTV) mission is the creation of informative, enlightening and inspiring media for the thinkers of the global pop.
SingularDTV is one of a handful of business structures known as CODEs, or centrally-organized distributed entities. The main entity is crowd-funded and shared by “owners,” i.e., token holders. The official name of SingularDTV tokens is “SNGLS”.
The decentralized component of this governance model lives on the Ethereum blockchain as a tokenized Smart Contract System. These tokens are called SNGLS and they represent a share in Intellectual Property (IP) of S-DTV: film, television and software projects. The centralized component can be represented by a number of different company structures, which are in charge of managing S-DTV’s funds, projects, and development.
A total of 1 Billion SNGLS tokens will be issued, half of which will be made available on the crowd sale and 40% held in a “Storage Vault”. The remaining 100 million tokens will be allocated to core investors of S-DTV.
The project SingularDTV stated as built on the blockchain the platform to distribute digital content. As a decentralized system, SingularDTV with its own cryptocurrency SNGLS is designed to help artists and content creators create, monetize, protect and manage their creations with the help of blockchain technology.
The ultimate goal of SingularDTV is to create a “thriving industry of decentralized entertainment”, and to launch the project it was planned to attract $7.5 million with a minimum investment goal of $500,000.
As a result, the goal was achieved, and it was done very quickly, what the team SingularDTV reported on Twitter.
SingularDTV is an entertainment Studio of the blockchain enabling a decentralized entertainment industry. Building on the future of rights management, project Finance, and peer-to-peer distribution, the SingularDTV platform enables artists and creators to use powerful tools to manage projects from development to distribution.
- SNGLS are Ethereum-based tokens, which are shares in the SingularDTV platform, which consists of four parts:
- ‘SINGULAR’ is a science fiction mini-series about decentralization and technological development in a futuristic setting, consisting of three seasons.
- S-DTV DOCUMENTARY DIVISION – the unit responsible for the production of documentary films on blockchain technology.
- S-DTV RIGHTS MANAGEMENT PLATFORM – the platform to manage digital copyright, profit and fee for rental of all content produced and distributed by SingularDTV.
- S-DTV TRANSACTION VIDEO-ON-DEMAND (TVOD) PORTAL – the portal to distribute content SingularDTV through GooglePlay, Apple iTunes and Vimeo on demand pay for view each individual video file.
SNGLS coins, however, are supposed to be used only for dividend distribution, while project management is centralized — 40% of tokens will belong to SiIngular DTV GMBH.
A more important question, however, arises as to the “legitimacy” of such fast crowdsales. The main objective of decentralized systems in order to avoid concentration of power in one hands should be to attract as many investors as possible. As far as this statement can be called true in the case of SingularDTV, given the active participation of representatives of Ethereum, it is difficult to say. At least, the explanation from the creators of the project will clearly not be superfluous.
Earlier, the project team promised when you reach $7.5 million to distribute collected means a range of products, including the creation of the television series SINGULAR — an epic science fiction adventure television series about decentralization, scaling, and the appearance of conscious systems, which direct mankind to the technological singularity. It is planned to allocate $3.25 million for its creation.
Also, in the team’s plans for the creation of the portal video-on-demand (TVOD) and platform rights management. The second would be an application based on smart contracts for accounting and management of digital rights as well as income and royalties from intellectual property. Technical description of these two projects at the moment, however, no.
Let us remind you that the eSports platform FirstBlood, created on the basis of Ethereum, also carried out a rapid crowdfunding campaign, collecting $5.5 million in a few minutes.
SingularDTV Price (SNGLS)
SNGLS market cap on 10 JULY 2018: $22,814,460 USD
SNGLS price on 10 JULY 2018: $0.038024 USD
Singular-DTV wants to gather a total of $7.5 million. In order to do so, a crowdsale which will last for a month will be held. During this time 500 million SNGLS tokens will be up for sale at a fixed rate of 0.00125 ETH per SNGL during the first 10 days, and will drop by 12.5% every 4 days until it reaches 50% (in 12 days). These funds will be used to complete the “Singular” tv show, launch the S-DTV Documentary Division, buy a stake in the Ujo rights management platform and to develop the TVOD distribution portal. A minimum of 34m SNGLS must be sold, otherwise, the project will be canceled and all the investments will be returned.
See Also on BitcoinWiki
- SingularDTV website
- SingularDTV BitcoinTalk
- SNGLS Coin – Reddit
- SingularDTV price and market state on Coin360